(Answered) Longlee electrical company maintains a fund to cover its

Accounting

Longlee Electrical Company maintains a fund to cover its pension plan. The following data relate to the fund for 2015:

January 1 FVPF $875,000

Market-related value of the pension fund (five-year weighted average) $715,000

During Year Pension benefits paid $62,000

December 31 FVPF $980,000

Market-related value of the pension fund (five-year weighted average) $730,000

Compute the 2015 actual return on the pension fund for Longlee Electrical

should be: Actual return on the pension fund-2015: $97,000

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